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SS&C Technologies reported that hedge fund redemption requests increased in August but remained historically low, providing further evidence that investors are maintaining allocations despite a volatile period for the industry.
The SS&C GlobeOp Forward Redemption Indicator measured 1.64% in August, up from 1.35% in July. The indicator measures forward redemption notices as a percentage of assets administered for hedge fund clients on the SS&C GlobeOp platform.
Despite the month-on-month increase, August’s reading was substantially below the five-year average of 2.37%, according to SS&C.
“Energy security concerns from ongoing conflicts, the unwinding of tariffs, fiscal challenges, and changes in rate policy continue to drive markets,” said Bill Stone, chairman and chief executive of SS&C Technologies.
“Despite this uncertainty, lower redemptions indicate hedge funds continue to provide diversification and downside protection to help investors navigate volatile markets.”
Investor demand remains resilient
The latest redemption data follows an unusually difficult July for parts of the hedge fund industry, when the reversal of crowded AI trades produced significant losses and prompted widespread de-grossing.
SS&C’s own Hedge Fund Performance Index recorded a 2.93% gross decline in July, although funds remained up 7.56% for the year and 16.05% over the previous 12 months.
Investor capital movements have nevertheless remained positive. The SS&C GlobeOp Capital Movement Index advanced 0.92% in August, marking a seventh consecutive month of net inflows and taking the index to a 12-month high of 132.34.
August’s redemption reading therefore adds to evidence that July’s market disruption has yet to translate into a broader withdrawal of hedge fund capital.
The Forward Redemption Indicator reached an all-time low of 1.26% in April 2026, while its highest reading over the past 12 months was 2.43% in November 2025. By comparison, redemptions peaked at 19.27% during the financial crisis in November 2008.
Forward redemption notices are typically submitted 30 to 90 days before capital is withdrawn, making the indicator a useful measure of future investor intentions, although notices can subsequently be cancelled.